SustainX Adds To Executive Team With New VP of Business Development

Richard Brody Joins Growing Energy Storage Company

January 03, 2012 11:23 AM Eastern Time

SEABROOK, N.H.--(EON: Enhanced Online News)--SustainX, Inc., developer of a transformative, utility-scale energy
storage technology, today announced that Richard Brody will join the
executive team as Vice President of Business Development.

“We are beginning our international business development
efforts and we believe that Richard’s extensive international experience
will allow SustainX to secure a unique competitive advantage as we begin
building a global company and forging strategic relationships with early
customers.”

Dr. Brody, who holds a Ph.D. and a master's degree from the University
of Michigan, has over 20 years of experience in technology-based
international business development and government policy. He joins
SustainX after leading the business development team at PowerGenix for
two years. Prior to PowerGenix, he led international business
development at UTC Power.

“This marks a key moment in the company’s development as we welcome such
a talented executive to the SustainX team,” said Thomas Zarrella, CEO of
SustainX. “We are beginning our international business development
efforts and we believe that Richard’s extensive international experience
will allow SustainX to secure a unique competitive advantage as we begin
building a global company and forging strategic relationships with early
customers.”

Dr. Brody developed a new business strategy at PowerGenix that
repositioned the company into markets and battery products for
hybrid-electric vehicles and stationary storage. He established
relationships with vehicle manufacturers and suppliers in Europe, the
U.S. and Asia and helped create a manufacturing joint venture in China
for PowerGenix batteries.

SustainX, founded in 2007, recently received its 8th U.S.
patent that provides additional technology variations for its isothermal
compressed-air system. It is on track to demonstrate a megawatt-scale,
grid-connected storage system in collaboration with AES Energy Storage,
LLC under an award from the Energy Storage Program at the US Department
of Energy. AES is a Fortune 500 global power company with ongoing
generation and distribution businesses.

The company is targeting the rapidly growing renewable generation market
with the only cost-competitive, utility-scale advanced energy storage
solution. In addition, the SustainX technology can displace costly
"peaker" plants that burn natural gas or other polluting fuels.

The "2011 Global Cleantech 100,” a list of leading businesses created by
the Cleantech Group after reviewing more than 4,200 clean technology
companies around the world, named SustainX among its members when it was
released last fall.

About SustainX

SustainX was founded in 2007 by engineers from the Thayer School of
Engineering at Dartmouth College. It has received funding from the
National Science Foundation Small Business Innovation Research Program
and the Energy Storage Program at the US Department of Energy, as well
as equity investments from top-tier investors Polaris Venture Partners,
Rockport Capital, Cadent Energy Partners, General Catalyst Partners, and
GE Energy Financial Services.

SustainX’s transformative energy storage technology, which it terms
ICAES™ (for Isothermal Compressed-Air Energy Storage), uses no fuel. The
company’s competitive advantages stem from its patented proprietary
thermodynamic and control innovations, a design centered on mature
industrial components, and reliance on ambient-temperature, nontoxic
working fluids. The company has received eight US patents to date on
core aspects of its technology, solidifying its leading position in the
field of compressed-air energy storage.